A large majority of the Daimler shareholders vote for the new corporate structure with Daimler AG as the parent company
At the Annual Shareholders’ Meeting in Berlin, a large majority of the shareholders of Daimler AG voted in favor of restructuring of the Daimler Group. The new corporate structure took effect when the hive-downs were entered in the commercial register. As of October 31, 2019, today’s Mercedes-Benz AG is responsible for the previous divisions Mercedes-Benz Cars and Mercedes-Benz Vans, while Daimler Truck AG is responsible for Daimler Trucks and Daimler Buses. Daimler Financial Services AG, which was already a legally independent company, was renamed as Daimler Mobility AG on July 23, 2019. Like Daimler AG and Daimler Mobility AG, the two new wholly owned subsidiaries are German stock corporations subject to codetermination with their headquarters in Stuttgart.
Changes in the Board of Management
After more than 13 years as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, Dieter Zetsche stepped down from his position at the conclusion of the Annual Shareholders’ Meeting in 2019. Following a two-year cooling-off period, the Supervisory Board intends to nominate Dieter Zetsche for election to the Supervisory Board at the Annual Meeting 2021. Manfred Bischoff will recommend that Dieter Zetsche succeed him as Chairman of the Supervisory Board of Daimler AG.
At the conclusion of the Annual Shareholders’ Meeting, Ola Källenius took over as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. Ola Källenius joined the Group in 1995. After holding various management positions in Germany and abroad, he was appointed to the Board of Management of Daimler AG with responsibility for Mercedes-Benz Cars Marketing & Sales effective January 2015. In January 2017, Ola Källenius took over Group Research and Mercedes-Benz Cars Development. Markus Schäfer succeeded him in this position on the Board of Management of Daimler AG at the conclusion of the Annual Shareholders’ Meeting on May 22, 2019. On June 1, 2019, Markus Schäfer also took over responsibility for Mercedes-Benz Cars global procurement.
In addition, Harald Wilhelm, who was appointed to the Board of Management of Daimler AG on April 1, 2019, took over responsibility for Finance & Controlling and Daimler Financial Services (Daimler Mobility since July 2019) at the conclusion of the Annual Shareholders’ Meeting. Harald Wilhelm was previously the Chief Financial Officer of Airbus and a member of its Executive Committee. He succeeded the long-serving Board of Management Member for Finance Bodo Uebber, who requested that his contract not be extended beyond its termination date of December 2019 and stepped down at the conclusion of the Annual Meeting.